re: Ann: Further High Grade Gold Intersection...
I kinda expected this.... many will forget the 300$+ rise in POG when sp was 90c and focus on the 100$ drop (Which i must say is a really needed correction to sustain the bull run).
There are still buyers lurking out there. Someone just bought 500k at 90c.
Some reminders - IRR of 83% - NPV of $187 million ? likely to increase significantly - Cash surplus of $427 million after payback of capital costs - Capital cost of $52 million and State Royalties including A$19 million for plant upgrade and A$12 million for the first three months working capital - Annual production of 50,000 ounces gold, 2,000 tonnes copper and 34,600 ounces silver - Cash costs over first ten year life of mine estimated at $524 an ounce - Contained gold ounces of 578,000 ounces (comprising 100,000 ounces open pit and 478,000 ounces underground) - Estimated average production grade of ore ranges from 4.1g/t gold to 6.5g/t gold
MYG Price at posting:
8.8¢ Sentiment: Buy Disclosure: Held
